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20121219
20121219
Search Results 0 to 12 of about 13 (some duplicates have been removed)
photo sharing site says they're going to sell your pictures without paying you or even telling you. use, are already jumping ship. we'll tell you how this affects you and your money. >>> plus will this be the first republican controlled house ever to raise taxes? business mogul steve forbes willoin me in a fox business exclusive to break it all down. >>> the dire warning for you and all of your savings today. hackers are planning to clean out your bank account. the former deputy director of the national security agency is here with all the details so yo can hang on your sh. even whethey say it's not, it is always about money. melissa: all right. first let's take a look at the day's market headlines. other day of gins on wa street. stocks soared for the second day in a row. the dow closed up 115 points and all that illusion that washington is getting its act together but progress on the fiscal cliff isn't driving everything higher. gold hit its lowest level in since late august that is confidence there. investors flee from the precus metal as a safe haven appeal fades. gold is hovering $
declining 12.3%. liz: because of the chicago mercantile exchange. a buying opportunity. and michael tells us why he expects double-digit earnings growth in the new year in what that'll do for equities. jerry leavy at the cme. another was some erosion of the last couple of minutes, the last hour or two. headlines from president obama, john boehner. is this market a little overbought going at the end of the year? >> for my technical perspective, you're absolutely right. they have eclipsed the upper end, and overbought situation. from my perspective and my colleagues, we are shocked trying to figure out the market moving higher. a lot of it is trying to figure out, we know a deal will get done, the real question is what are the ramifications of the deal and how will that affect earnings. as a guy who follows earnings very closely, we see that the drop year-over-year. it was from government. a noted state tax receipts are down adjusted for inflation 1% from 2,082,012. earnings are down on the top line, where does the bigger earnings growth come from? david: we have manufacturing coming in saying
that u.s. lawmakers will have a deal. we are kind of to the downside. with that, i will send it back to you guys. dagen: what can we expect volume to look like? >> typically, any traders take the week off. a couple of days off. you have a lower volume. yesterday, there was a lot of conviction. volume was up considerably based on the one-week average. it has been a little bit better than usual. dagen: thank you so much, lauren. we will give people comments when they start. the white house saying president obama will veto the gop's plan b for the fiscal cliff saying it does not meet balance. douglas holtz aiken, former director of the budget office, joining us with more. if not now, then when the heck? >> hopefully by december 31. i think it is very important for us to avoid going over the fiscal cliff. all bad news for americans. you like to think that they are getting closer to gather. the fact that the white house rejected a plan b is not good. dagen: $1 trillion raised in revenue by congressman boehner's plan. that is pretty close, is it not remark it is true that the numbers have
, gas prices. thank you for watthing. dvru if you can't catch us live. have a great night, see you tomorrow. ♪ lou: good evening, everybody. president obama and house speaker boehner have been forced out of their respective negotiating positions. president obama relenting on his pledge for tax hikes on earners above $250,000 a year raising that threshold to $400,000 annually. that, by the way, just happens to be the same amount of money that the president of the united states is paid each year. speaker boehner agreeing to a tax hike on all earnings over a million dollars per year. the back and forth between speaker boehner and president obama has now gone on for 20 days, at least six offers and counteroffers exchanged in public, and at each point when the negotiations appear to be at an impasse, one of them has managed to make concessions that moved the process forward nonetheless. watching the frame work of a deal take shape, no matter how vague, undefined the terms, it's been enough to excite investors3 on wall street. enough today that the dow jones industrial average posted a
, a disgraceful farce. shame on us and the media to allow them to continue the scams unchallenged. gary says "more stone walling on ben gi sai? we'll never know the truth, will we?" i think we will. it may take time, but we will. that's all for us tonight. thanks for being with us. good night from new york. neil: wheeling and dealing, and despite the shouting back and forth, that says a fiscal cliff deal is coming. that's the good news. now, the bad news. it won't remotely tackle spending of the it is not what they are saying. it is what big spenders are promoting in a youtube video that's gone viral. i want you to ignore everything that you've been hearing out of washington today because i think at the end, it means nothing. focus on this video because i think it's going to tell you everything. take a look. >> to begin the benefit finder, first answer all of the nine simple core questions that are essential to narrowing your results. you will find a program description, general requirements, and your next steps on how and where you can apply. receiving the latest benefit information has never bee
for the fallout. tampa mayor tells us what the fiscal cliff means for his city. lori: all talking and no advancement towards a deal. frustrating. on and on and on those politicians go. we will bring you an update. tom corbett saying going over that cliff would be "absolutely frightening for the keystone state." he will join us later. melissa: president obama has been named person of the year. go figure. [talking over each other] lori: was i on the list for rock. melissa: on top. lori: let's get you updated on the markets. lauren simonetti is covering stocks for us today. >> we go break a two-day winning streak. for the s&p, it has been the best two days in more than a month. we are still a little bit more positive. traders kind of sitting on their hands digesting what we have recently had. if you look at, i say risk on because the sectors that are doing well today are once again energy and thanks. utilities not putting in a good performance today. gm shares are up tremendously right now. they took out their highest level in 19 month old little bit earlier today. this on news that
overnight. that is all anybody who is there now knows how to do. >> means of course all of us taxpayers get a lump of coal in our stocking. i want to add another bad bit of news to your list there. melissa: oh, no. >> don't forget state and local pension systems for the exact same reason pension benefit guaranty corporation will get a bailout at some point you i'm afraid we'll bail out bankrupt pensions systems of california, illinois and some other states in effect copying the greek-french model of economic governance. melissa: yeah. >> it is bad news across the board but definitely bad policy as well because when you reward bad behavior, anybody who has kids knows, what do you get in the future? more bad behavior. melissa: how should we really deal with this from a serious perspective? i'm not in favor of bailing out these agencies. the post office example, let it go bankrupt. let part of its services go private. somebody could come in, that should be a private equity turn around where you cut costs like crazy, close down offices, salvage the good businesses. run it for profit. or shut it
out of d.c.? >> speaker john boehner woke us up. i expected after the brief statement that he made the market would come in much more than it has. i am kind of impressed we haven't seen the market down quite significantly. it means we will look at a nice year-end rally. liz: all w he did was speak 45 seconds. we are coming off of two days of double-digit jumps in the dow jones industrial in the rearview mirror. but let me quickly ask you, volatility of about six or 7% depending on what second you're looking at it when a day for most of it the market was meandering. >> remember where we are at. coming at the end of the year, a lot of traders have hung up their books, does not take much to move the market one way or another. i do agree, this market is a santa claus rally. the market saying fiscal cliff, so what. more income means spending cuts and the politicians will eventually get it together. playing poker with each other, john boehner hurt the market when he said the market will take a nosedive tomorrow. this will go back and forth and every day do we have a settlement, don't we?
. resolution war no, it will cost us dearly. the government is getting fatter. i have run out of analogies. go eat dinner.o , but only one at republicans are hong wil pass. here with exquisite exclusive details, richardson in washington. >> good evening. what republicans are looking to do in the house is basically deal wh the tax provisions of the fiscal cliff to hit on january 1 so thereill be two amendment votes on the house. the first constructed by republicans dubbed the nancy pelosi plan because it contains a number of the provisions she holds. amounts less than $250,000 per year, it extends some of the stimulus provisions with income taxpayers, child cred, and raising amounts more than $1 million. this is a republican plan ,-com,-com ma the one if it goes past the house, likely to pass the house, it makes the current rates permanent for amounts less than $1 million per year. it takes capital gains and dividend rates nw 15%, make them permanent for amounts under $1 million for amounts me than $1 million it is 20% dividend rate operates. there is a permanent estate tax of 35% for amounts o
. yesterday, smith & wesson had a drop. the group that made the bush master used in the shooting. the president of cerberus, his father lives in newtown, connecticut on friday, this coming friday, the n.r.a. says it will hold a news conference to provide, quote, meaningful contributions to the gun debate. big reaction to the gun industry. and then there's this. richard trumka and organized llbor may get their way on taxes, spending and debt. and the fiscal cliff deal that's now shaping up looks a lot like the trumka plan. we will bring you that, the opening bell and facebook stock and general motors in the news, all of it after this. [ malennouncer ] this is steve. he loves risk. but whether he's climbing everest,t, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a coany that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade
would exacerbate rather than diminish the uncertainty of the fiscal policy and to the u.s. into an unavoidable and unnecessary recession. the u.s. could lose its aaa status. this is from fitch ratings. wait until you see what we are going to have to spend for our debt if we lose the aaa status. because it will cost us more to float our bonds. what is being done right now? not to escalate the war of words, but to find some common ground. >> the houses focused on passing a tax policy. senate and have them respond. what is now a look at is the sequestration piece. the president refuses to deal with the side and we have to do this. last summer we were talking about the same issues were the bomb folks were saying that if there is not real spending reductions, if we don't get a plan, the automatic spending cuts kick in. the president is asking to turn those off, that sends a signal as well that we are not serious about reducing spending. this is the absolute worst way to reduce spending. it is the only option that we have. gerri: thank you for coming on the show tonight. meanwhi
Search Results 0 to 12 of about 13 (some duplicates have been removed)